Quarry LP Purchases New Position in Lands’ End, Inc. (NASDAQ:LE)

Quarry LP acquired a new stake in shares of Lands’ End, Inc. (NASDAQ:LE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,086 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LE. AlphaQuest LLC bought a new stake in Lands’ End during the fourth quarter worth about $101,000. Wells Fargo & Company MN lifted its holdings in shares of Lands’ End by 18.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,033 shares of the company’s stock valued at $132,000 after purchasing an additional 1,559 shares during the last quarter. Inceptionr LLC bought a new stake in shares of Lands’ End in the 4th quarter worth approximately $150,000. Magnetar Financial LLC bought a new position in Lands’ End during the 4th quarter valued at approximately $195,000. Finally, Bailard Inc. purchased a new position in Lands’ End during the fourth quarter valued at $219,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Lands’ End from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th.

Lands’ End Trading Up 1.4 %

Shares of NASDAQ LE opened at $8.58 on Friday. The firm’s 50 day moving average price is $9.98 and its 200-day moving average price is $12.69. Lands’ End, Inc. has a 52-week low of $8.15 and a 52-week high of $19.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74. The company has a market cap of $264.96 million, a PE ratio of -13.00 and a beta of 2.43.

Lands’ End (NASDAQ:LE) last issued its earnings results on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Lands’ End had a negative net margin of 1.46% and a positive return on equity of 1.24%. The business had revenue of $441.66 million for the quarter, compared to analysts’ expectations of $458.69 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. On average, equities research analysts expect that Lands’ End, Inc. will post 0.41 EPS for the current fiscal year.

Lands’ End Company Profile

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.